Skip to main content

Market Overview

John Bougearel

Benzinga Contributor

May 13, 2011 5:23 PM
Medicare trustees revised forecast for insolvency estimates Medicare will be insolvent by 2024, 5 yrs sooner than they thought Medicare would become i ...
March 30, 2011 3:01 PM
Why is this news no surprise at all? From today's headlines Senator moves to delay new debit fee rulesat Reuters(Wed 2:37PM EDT) Visa, MasterCard Ju ...
March 22, 2011 10:37 AM
There is now a double top that has formed at 1296 on the week. At 9 am Monday, on a bearish existing home sales report that the market all but ignore ...
March 21, 2011 1:29 PM
  Now there is still enough mojo to squeeze shorts above the 9 am high, but that is not likely in the short run with all trade below ...
March 21, 2011 10:42 AM
It should be noted by equity investors that Copper is leading the Stock market by two trading days as of Tuesday March 15, and had been three trading ...
March 21, 2011 9:43 AM
This Japanese ETF carries a 1.6% div priced at 41.60. It plunged 23% and rallied back 16% since the Quake/Tsunami hit Japan. More than 2/3rds of the ...
March 18, 2011 12:03 PM
  Yen Falls Most Since October 2008 as Group of Seven Agrees on Intervention   Japan Stocks Climb as Central Banks Begin Intervention ...
March 16, 2011 11:30 AM
The daily spread chart below uses a 13 period moving average on the Bollinger band study. You can see that the blue 13 day moving average has defined ...
March 16, 2011 11:26 AM
The point and figure in the left frame has a 5 cent box value and the point and figure on the right has a 2.5 cent box value. Key Observations: ...
March 15, 2011 1:50 PM
Key observations: The 45 minute chart in the left frame shows that Monday afternoon could not sustain a trade above the blue moving average. That is b ...
March 15, 2011 10:30 AM
Initial short term support overnight for the June contract will be 1255-1257. Remember the year close on the March contract is 4 points below the over ...
March 14, 2011 1:47 PM
Key Observations: The short term trend remains bullish with all trading above the one month average now at 1405. March 2-10 appears to have completed ...
March 14, 2011 11:56 AM
Some quick observations: 1. Intermediate term support will be found near the 13 week lower volatility band at 1227 this week. 2. Intermediate term sup ...
March 11, 2011 9:39 AM
The SP500 was bid up into the Retail Sales report following news of Japan's 8.9 Earthquake and rolling Tsunamis elsewhere. However, the point and figu ...
March 09, 2011 9:44 AM
The 120 minute chart in the left frame shows April crude oil found support along the lower volatility band sloping sideways around 10425, from where A ...
March 08, 2011 1:36 PM
The financial sector is the strongest sector in the stock market today. Part of this +2% strength in the financial sector today can be viewed as a r ...
March 08, 2011 1:16 PM
There is an arc of tension building for the latter half of this week when bullish inputs (from Jobless Claims, Michigan Sentiment and Retail Sales) cl ...
March 07, 2011 12:56 PM
The 2010 yr high in the US dollar was set on Monday Jun 7, the day after the Jun 4 NFP report. The 2010 yr low was set on Nov 3-4 2010 QE2 announcemen ...
March 07, 2011 12:47 PM
Today is a day when it is evident the late cyclicals are outperforming the early cyclicals. A sector rotation out of early cyclicals and into late cyc ...
March 07, 2011 11:18 AM
The summer highs in 2010 were set on Monday's. The highs in Nov, Dec and Jan were set in the first half of the month on Mondays and Tuesdays on Tues N ...
March 07, 2011 11:15 AM
The Feb close is 1326. The SP500 failed to sustain a trade above last month's close today. The 21 day average is at 1320 and the lower volatility supp ...
March 04, 2011 7:54 AM
So, the market expects 200,000 jobs were created in Feb. The last Jobs recovery began in the spring of 2004. On April 2 2004, the BLS reported 353k jo ...
March 03, 2011 9:48 AM
In a rather bizarre story, Venezuala's Hugo Chavez has made an offer to the Arab League “to intervene in Libya's conflict” by …”sending mediat ...
February 25, 2011 1:13 PM
Crude oil shot up more than 20% in response to the Libyan skirmishes this week. The dollar only sold off 2% to 7697 by Friday Feb 25, double bottoming ...
February 24, 2011 1:06 PM
n recent weeks, the Europeans hated the SP500 and US investors loved the SP500. The switch has been flipped. Overnight on Tuesday and Thursday, at 3 a ...
February 24, 2011 9:26 AM
Keep your eye on Libya. From Bloomberg today: Tanker Loading in Libya Signals Crude Supply Still Moving By Alaric Nightingale - Feb 23, 2011 11:12 AM ...
February 22, 2011 10:03 AM
Consumer confidence (CC) will be out at 9 am CT. The stock market likes to set lows on CC Tuesdays and start a new rally. Last month, the SP500 droppe ...
February 18, 2011 1:15 PM
Why am I thinking about the air traffic controller strike led by PATCO union (thanks ys)? Because of the tremendous outrage in Wisconsin over Governor ...
February 16, 2011 2:34 PM
If you look at the daily ratio spread of the US dollar/ crude oil going back to Jan 2007, you will find that the 65 day (13 wk) average on the daily c ...
February 16, 2011 10:55 AM
There are 5 distinct wave off the January 30 low. Wave 1 was the big upthrust off a better than expected February 1 ISM and end of January rally. Wave ...